Is Facebook Worth Half As Much As Yahoo?

Doug McIntyre at 24/7
Wall St runs
numbers using our Facebook
revenue estimates and concludes that it might be--because
this is a bidding war and because Yahoo's dead in the
water. We tend to agree. We would also add that the
$500 million or so that Microsoft or Google is going to have to
pony up to play ball here is also buying something else: a seat
at the Facebook table.

How much is that worth?

To Google: whatever Facebook's asking price is (yes, Google is
that rich--we're talking a few weeks of cash flow).